Cisco Systems Foundation
- Assets
- $229.8m
- Revenue
- $38.5m
- Investments
- $209.3m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 01/1997
- Data as of
- 07/2023
- EIN
- 77-0443347
Organization Overview
Cisco Systems Foundation is located in San Jose, CA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cisco Systems Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Cisco Systems Foundation generated $38.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $31.5m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cisco Systems Foundation has awarded 21 individual grants totaling $36,643,104. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Morgridge Trustee/pres. | 0.5 | $0 | |
Saidah Grayson Dill Trustee | 0.5 | $0 | |
Mary DE Wysocki Trustee/sec't | 0.5 | $0 | |
Mark Dodds Until 102022 Trustee | 0.5 | $0 | |
Rob Johnson Trustee | 0.5 | $0 | |
Guy Diedrich Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capshift Advisors Llc | 7/30/23 | $91,000 |
Lazard Asset Management | 7/30/23 | $88,147 |
Eagle Asset Management | 7/30/23 | $174,343 |
Adler & Colvin | 7/30/23 | $171,622 |
Fontanello Duffield & Otake Llp | 7/30/23 | $90,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,307,220 |
| Interest on Savings | $362,618 |
| Dividends & Interest | $2,488,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,246,216 |
| Capital Gain Net Income | $14,022,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $121,972 |
| Total Revenue | $38,526,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $325,141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105,673 |
| Total operating and administrative expenses | $1,106,085 |
| Contributions, gifts, grants paid | $30,414,677 |
| Total expenses and disbursements | $31,520,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,414,314 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,240 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $65,784,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,018,073 |
| Total assets | $229,806,533 |
| Accounts payable and accrued expenses | $146,893 |
| Grants payable | $575,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $993,222 |
| Total liabilities | $1,715,115 |
Grants Awarded
Over the last fiscal year, Cisco Systems Foundation has awarded $31,353,346 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA ONLINE GIVING FOUNDATION PURPOSE: MATCHING EMPLOYEE GIFTS | $3,000,000 |
BRIGHT FUNDS FOUNDATION PURPOSE: MATCHING EMPLOYEE GIFTS | $11,965,670 |
SEACOLOGY PURPOSE: THE DOMINICAN REPUBLIC NATIONAL MANGROVE INITIATIVE | $200,000 |
SEE STATEMENT 18 PURPOSE: VARIOUS | $15,812,676 |
AMERICA ONLINE GIVING FOUNDATION PURPOSE: MATCHING EMPLOYEE GIFTS | $375,000 |